b'For passenger vesselutility as a tool for long-term invest- withenvironmentalandsafetystan-LEGISLATIVE operators, thement in the maritime sector. dards, the CCF could significantly re-duce financing timelines. The program CCF offers a blendMany PVA membersboth large andalsosupportsthedomesticsupply of flexibility andsmallhave successfully used the pro- chain by requiring the use of U.S. ship-financial advantage.gram to accelerate vessel acquisition,yards and component manufacturers.improve environmental performance, By deferring federaland replace aging vessels.LOOKING AHEADtaxes on eligibleThe CCF remains an essential tool for Theprogramalsodirectlybenefitsvesseloperatorslookingtoenhance earnings, operatorsAmericanshipyardsbymandatingtheir fleets while maintaining finan-can focus on capitalthat all CCF-financed vessels be con- cial flexibility. As discussions around structed in the United States, therebymaritime sustainability and modern-planning and vesselsustaining domestic jobs and strength- ization continue, the role of the CCF improvements withoutening the industrial base. insupportingindustrygrowthwill the same short-termA STRATEGIC OPPORTUNITYlikely expand.tax burdens. FOR PVA MEMBERS Passengervesseloperatorswhohave Forpassengervesseloperators,thenot yet investigated the potential of the CCF offers a blend of flexibility andCCF should consider evaluating how financial advantage. By deferring fed- thisprogramcanfitintotheirlong-GROWING PARTICIPATIONeral taxes on eligible earnings, opera- terminvestmentstrategy.Withcon-AND PROGRAM STRENGTH tors can focus on capital planning andtinued PVA advocacy and MARADs As of March of 2025, the CCF programvessel improvements without the samecommitmenttoimprovingprogram had grown to include 139 participantsshort-term tax burdens. accessibility,theCCFwillremaina with over $2.6 billion on deposit. Thisvital resource for years to come.growthreflectsincreasingawarenessIf your operation includes fleet expan-of the program and confidence in itssion,modernization,orcomplianceLEARN MOREAT THE PVA FLY-INTohelpoperatorsbetterunderstand the CCF and other federal programs, PVA will feature a special session on Navigate Risk Withthe CCF at the upcoming PVA Fly-Confidence In on April 29, 2025, at the Sheraton in Old Town Alexandria, Va. This is USIs maritime specialistsanexcellentopportunitytoconnect combine proprietary analytics,with MARAD officials and industry broad experience, and nationalexperts about how to utilize the pro-resources to create customizedgram for your benefit.insurance and risk management programs designed to reduceFor more information on how to apply cost and lower risk for youror to access helpful resources, visit the business. official MARAD Capital Construc-Proud supporters of thetion Fund webpage.Property & CasualtyPassenger Vessel AssociationEmployee BenefitsUSI Insurance Services Personal Risk601 Union StreetRetirement ConsultingSeattle, WA 98101 206.441.6300 | www.usi.com2023 USI Insurance Services. All rights reserved.FOGHORN 34'